Global insight
EU steel decarbonization may outstrip iron ore pellet supply, encourage innovation
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The IIMA forecasts a gap in 2033 of around 34 million mt in DR-grade iron ore pellets factoring in demand growth from global DRI plants, in a November presentation. |
Agnico Eagle invests $17 million for 12% of Canada Nickel
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Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has made a C$23.1 million ($17m) investment in the recent flow-through offering from Canada Nickel Company (TSXV: CNC), acquiring 19.6 million units at a price of C$1.18 per unit. This gives Agnico a non-diluted equity ... |
Steelmaking deal aimed at better welding Japan to Washington's geopolitical strategy
The proposed purchase of US Steel by Nippon Steel has made a big splash since it was disclosed last week. |
Eramet, Vibrantz ink manganese ore supply agreement for Mn-based battery techs
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French mining firm Eramet and American chemical coatings company Vibrantz Technologies announced a 10-year supply agreement for manganese ore late last month, |
Iran spending 60% less hard currency on steel production
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Bahram Sobhani referred to the role of the indigenization movement in reducing the use of foreign currency in steel production |
Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
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Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL). |
US extends steel TRQs for EU for another two years
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The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security |
Nickel is year’s biggest metals loser, copper manages small gain
In a mostly lackluster year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon. |
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